Investment Summary

LLR Partners and Audax Private Equity Invest In Numotion

On February 1, 2011, private equity firms LLR Partners and Audax Private Equity invested in medical products company Numotion

Investment Highlights
  • This is LLR Partners’ 3rd and Audax Private Equity’s 3rd transaction in the Medical Products sector.
  • This is LLR Partners’ 39th and Audax Private Equity’s 47th transaction in the United States.
  • This is LLR Partners’ 1st and Audax Private Equity’s 2nd transaction in Missouri.
Investment Fate
  • Numotion was sold to a consortium of financial buyers in 2018.

Investment Summary
Date 2011-02-01
Target Numotion
Sector Medical Products
Investor(s) LLR Partners
Audax Private Equity
Deal Type Growth Capital

Target

Numotion

Hazelwood, Missouri, United States
website
Numotion is a provider of complex rehabilitation products, including custom power and manual wheelchairs for disabled adults and children. Numotion was founded in 2001 and is based in Hazelwood, Missouri.

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Investor(S) 2

Investor

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $15 to $100 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 39 of 117
Sector (Medical Products) 3 of 4
Type (Growth Capital) 21 of 64
State (Missouri) 1 of 1
Country (United States) 39 of 116
Year (2011) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-23 Welocalize

New York, New York, United States

Welocalize is a provider of globalization consulting, internationalization, localization and testing solutions, enabling clients to communicate on and off-line in more than 32 languages. Welocalize was founded in 1997 and is based in New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-28 Pet360

Plymouth Meeting, Pennsylvania, United States

Pet360, Inc. is a online pet information, community and commerce company that operates www.PetFoodDirect.com, an online pet food and supply retailer, www.NationalPetPharmacy.com, a fully certified, full-service pet pharmacy delivering pet meds, vitamins and comprehensive pet health and wellness products; and www.petMD.com, a leading pet health information resource.

Buy -
Investor

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm that targets to invest in small-cap and lower-middle market companies. The Firm seeks to invest $10 - $100 million in companies with revenues of at least $50 million and EBITDA of $10 million. Audax targets companies valued at between $100 and $500 million. Areas of interest include building products, business services, distribution/direct marketing, energy, niche manufacturing/specialty industrials, technology/media, consumer products, environmental services, education, food/beverages, waste/recycling, water, and wastewater services. Types of transactions include buyouts, divestitures, sponsor exit, family/entrepreneur, distressed and public company. Audax Private Equity is the private equity arm of Audax Group, Inc. Audax Private Equity was formed in 1999 and has offices in San Francisco and Boston.

DEAL STATS #
Overall 49 of 149
Sector (Medical Products) 3 of 9
Type (Growth Capital) 1 of 11
State (Missouri) 2 of 2
Country (United States) 47 of 140
Year (2011) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-13 ATG Rehab

Naperville, Illinois, United States

ATG Rehab is a provider of mobility and seating solutions including power wheelchairs, manual and lightweight wheelchairs, adaptive seating, standing and positioning frames, specialty ambulatory and bath aids, and related rehabilitative rental equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-23 Quest Specialty Chemicals

Charleston, South Carolina, United States

Quest Specialty Chemicals, Inc.is a specialty chemicals and coatings. QSC is engaged in the formulation, manufacturing, and marketing of coatings designed to repair, restore, and preserve the assets of our customers.

Buy -
Mergr

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